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Chinese Ore Inventories at Major Ports

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stevo_61

153 Posts.

09/04/15

23:59

Post #: 15061495

The table below gives the nickel ore stockpile inventories at the 5 major ports over the last 5 months. Good news is that while the decline has slowed the levels continue to fall having dropped over 4.6 million tonnes over this period. Analyst forecasts in the rate of decline have been effected by Chinese companies stockpiling Indonesian ore in the 12 months leading up to the ban and the subsequent blending with Philippines or post the ban.

Let's hope a Chinese stimulus will get levels below 11 million tonnes and continue to see the levels drop.

Note ore tonnes are in millions,

Column 1 Column 2

0 10/11/2014 15.64

1 25/11/2014 15.36

2 8/12/2014 14.92

3 22/12/2014 14.06

4 12/01/2015 13.33

5 26/01/2015 12.45

6 6/02/2015 11.85

7 15/02/2015 11.71

8 2/03/2015 11.77

9 15/03/2015 11.15

10 7/04/2015 11.09

	Column 1	Column 2
0	10/11/2014	15.64
1	25/11/2014	15.36
2	8/12/2014	14.92
3	22/12/2014	14.06
4	12/01/2015	13.33
5	26/01/2015	12.45
6	6/02/2015	11.85
7	15/02/2015	11.71
8	2/03/2015	11.77
9	15/03/2015	11.15
10	7/04/2015	11.09